Retirement

Last month I decided to do what most people said couldn’t be done. As an aside, what great motivation proving people wrong is. I decided to retire early. Retirement is an interesting word for me because when I tell people I’m retired I feel the need to explain to them what retirement means to me. Retirement doesn’t mean that I’ll never work again, it means that I don’t have to work for income. It’s a subtle but important distinction because reading about other people who retired extremely early, many of them end up starting some sort of small business or work part-time in retirement. Maybe instead of telling people I’m retired I should say I’m an independent consultant or an endowment manager. Or maybe since I’m writing this on my blog I should tell people I’m a blogger. ...

When I tell people that I plan to retire by age 50, they ask me how this will be possible. First you must understand what my definition of retirement is. Early Retirement is: having the financial resources so that I don’t have to ever work again The key is “that I don’t have to” and not that I will stop working. My idea of retirement is that I will be in control of whether I choose to work or not and not be reliant on work to provide monthly income. Here are my 5 key principles that will allow you to retire by age 50. ...